https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

BoB Cuts Lending Rates by 25 bps After RBI Policy Move; Keeps MCLR Unchanged

The bank has reduced external benchmark-linked lending rates (EBLR) for the retail and MSME segments, effective immediately.
Indian Masterminds Stories

Mumbai: State-run Bank of Baroda (BoB) has swiftly passed on the Reserve Bank of India’s recent 25 basis points (bps) rate cut to its customers. The bank has reduced external benchmark-linked lending rates (EBLR) for the retail and MSME segments, effective immediately.

The move follows the RBI’s second consecutive rate cut, aimed at cushioning growth amid global uncertainties, including retaliatory tariff risks from the US.

Despite the EBLR cut, BoB has kept its Marginal Cost of Funds-Based Lending Rate (MCLR) unchanged, with the benchmark one-year MCLR remaining steady at 9% — the rate that influences most personal and auto loans.

BoB’s quick transmission aligns with RBI’s push for more effective and timely reflection of policy rate changes in consumer borrowing costs.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
CM Yogi Adityanath
Uttar Pradesh: CM Yogi Reviews Development Plans for Prayagraj and Vindhyachal Divisions - Details Inside
Madhya Pradesh
Madhya Pradesh: CM Dr. Mohan Yadav Cracks Down on Delays in Citizen Services through Samadhan Online - Know More
Gail Awards
GAIL Honours Quality Champions: CMD Trophy Awards Presented to Top QC Teams for Excellence in Process Innovation
Indian Parliament
One Nation, One Mission: India Steps Up War on Plastic Pollution with Massive National Campaign | Parliament Question's Answer
mohan yadav
MP CM Dr Mohan Yadav Meets PM Narendra Modi, Presents 18-Month Governance Report
Karnataka
Karnataka Govt Transfers 3 IAS Officers in Key Bengaluru Departments; Major Moves in e-Governance & Commercial Taxes
BHEL_resized
BHEL Powers NISAR: India’s Space Engineering Shines in First NASA-ISRO Joint Mission
ACC_Appointments Committee of Cabinet
ACC Approves Repatriation of IAS Abhijit Sinha to Nagaland Cadre; IAS Alok Ranjan Ghosh Appointed DoPT Director
ADVERTISEMENT
ADVERTISEMENT
Videos
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
WhatsApp Image 2025-07-26 at 13.16
What Most Indians Don't Know About Jim Corbett
WhatsApp Image 2025-07-24 at 18.24
How Fireflies and Butterflies Returned In Corbett’s Homeland
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
CM Yogi Adityanath
Uttar Pradesh: CM Yogi Reviews Development Plans for Prayagraj and Vindhyachal Divisions - Details Inside
Madhya Pradesh
Madhya Pradesh: CM Dr. Mohan Yadav Cracks Down on Delays in Citizen Services through Samadhan Online - Know More
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Ananth Rupanagudi IRAS
WhatsApp Image 2025-07-26 at 13.16
WhatsApp Image 2025-07-24 at 18.24
ADVERTISEMENT
ADVERTISEMENT